KENOSHA, Wis. (AP) _ Snap-On Inc. (SNA) on Thursday reported fourth-quarter earnings of $208.9 million.
The Kenosha, Wisconsin-based company said it had net income of $3.82 per share. Earnings, adjusted for restructuring costs, came to $3.84 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.95 per share.
The tool and diagnostic equipment maker posted revenue of $1.07 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $949.2 million.
For the year, the company reported profit of $627 million, or $11.44 per share. Revenue was reported as $3.59 billion.
Snap-On shares have climbed almost 4% since the beginning of the year, while the Standard & Poor's 500 index has increased 2%. The stock has increased nearly 10% in the last 12 months.